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Voice over LTE Market to Grow at a CAGR of 64.40% to 2020

RnRMarketResearch offers "Voice over LTE Market by Long-Term Evolution (Technology-FDD and TDD, End User Devices-Smart Phones, Dongles, and Routers), by Technology (CSFB, VOIMS, and Dual Radio/SVLTE), and by Geography – Analysis & Forecast to 2014 – 2020" global research report in its store.

Dallas, TX -- (SBWIRE) -- 11/28/2014 -- The total value of global voice over LTE market is estimated to grow at a CAGR of 64.40% from 2014 to 2020. The global voice over LTE market is growing at a high CAGR rate; it holds a great potential as it is an emerging network technology. Voice over LTE is a network technology implemented by various operators and subscribed by subscribers due to its advanced features such as the provision of High Definition (HD) voice; Rich Communication Services (RCS), faster call setup times, and true device interoperability. The voice over IP multimedia subsystem (VoIMS) and Circuit Switched Fallback (CSFB) technologies hold the highest share in the APAC market currently. Thus, this shows that the VOIMS and CSFB technologies in the voice over LTE market have a great potential to increase over a period of time.

The voice over LTE is garnering more value due to its various features and technologies that are used in the voice over LTE market. The advantages provided by VoLTE such as High Definition (HD) voice, Rich Communication Services (RCS), faster call setup times, and true device interoperability, integration of voice over LTE with voice over Wi-Fi service, and improved battery life over other network technologies— have attracted the new users towards it. The CFSB technology held the highest market share in 2013 but the VoIMS technology is estimated to experience a better growth in the near future.

The voice over LTE market accounts for the largest market share in developed economies like the APAC. The Americas and Europe are also estimated to grow at a high rate in the projected years. The key players in the VoLTE market include Huawei Technologies Co. Ltd. (China), Nokia Solutions and Networks (Finland), Ericsson (Sweden), Alcatel-Lucent (France),LG Uplus (South Korea), SK Telecom (South Korea), Metro PCS (U.S.), AT&T Inc. (U.S.), KT Corp. (South Korea), and Verizon Wireless (U.S.), among others.

The report provides a detailed view of the VoLTE and LTE market with regard to the subscriptions, LTE and VoLTE network launches, and LTE and VoLTE technologies market; and also presents detailed market segmentation, with qualitative and quantitative analysis of each and every aspect of the segmentation; done by technology, LTE end user devices, and on the basis of the LTE and VoLTE market, by geography. All the numbers in terms of the volume and revenue, at every level of report, are forecasted from 2014 to 2020.

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